Keyword
OMERS
The thinking behind the latest OMERS P&C insurer deal
May 5, 2020 by Greg MeckbachBy selling a good chunk of its runoff business to one of Canada’s largest pension plans, Fairfax Financial Holdings Ltd. is allowing that business to buy discontinued Lloyd’s books while still allowing Fairfax to invest in its other insurers, CEO…
Fairfax ‘not oriented’ towards more acquisitions: Watsa
August 10, 2017 by Canadian UnderwriterOfficials with Fairfax Financial Holdings Ltd., which recently bought a majority interest in Allied World Assurance Company Holdings AG, “want to look at how” they can “organically expand” the firm’s existing business, chairman Prem Watsa told financial analysts recently. Toronto-based…
Fairfax completes acquisition of Allied World
July 6, 2017 by Canadian UnderwriterToronto-based Fairfax Financial Holdings Ltd. has completed its acquisition of Allied World Assurance Company Holdings AG, the firms announced Thursday. The deal was valued at nearly $5 billion when it was announced Dec. 18, 2016. All figures are in U.S.…
‘All regulatory approvals’ received for Fairfax-Allied World merger but deal still not complete
June 29, 2017 by Canadian UnderwriterToronto’s Fairfax Financial Holdings Ltd. announced Thursday it now has “all regulatory approvals that are necessary” for it to merge with Swiss insurer and reinsurer Allied World Assurance Company Holdings AG but suggested fewer than 90% of Allied World shareholders…
Fairfax-Allied merger offer expires Friday night
June 28, 2017 by Canadian UnderwriterShareholders of commercial insurer and reinsurer Allied World Assurance Company Holdings AG are being urged to accept the offer from Toronto-based Fairfax Financial Holdings Limited to buy Allied World shares because the merger agreement initially announced a week before Christmas…
Allied World board members concerned in 2016 with ‘protracted negotiations’ with un-named prospective buyer: SEC filing
May 23, 2017 by Canadian UnderwriterSix months before announcing its proposed acquisition by Toronto-based Fairfax Financial Holdings Ltd., commercial insurer Allied World Assurance Company Holdings AG received an offer letter from an un-named prospective buyer for $48 a share, recently-released documents indicate. Fairfax and Zug,…
Combined ratio up 3.1 points for Allied World
May 1, 2017 by Canadian UnderwriterAllied World Assurance Company Holdings AG, which is expected to have a new Canadian corporate parent, recently reported a 3.1-point deterioration, year over year, in its first-quarter combined ratio, nearly a month after Cyclone Debbie hit the north shore of…
Fairfax proposes to acquire New Zealand insurer Tower for nearly $200 million
February 9, 2017 by Canadian UnderwriterFairfax Financial Holdings Ltd., the corporate owner of Northbridge Insurance, announced Wednesday it has agreed to buy Auckland-based Tower Limited, which writes property and casualty insurance in New Zealand and nearby nations. Tower’s shareholders, if they approve the deal, would…
Ontario Municipal Employees Retirement System agrees to buy minority stake in Allied World
January 27, 2017 by Canadian UnderwriterAllied World Assurance Company Holdings AG will be 21% owned by the Ontario Municipal Employees Retirement System (OMERS) if a deal announced Friday with Fairfax Financial Holdings is approved. Toronto-based Fairfax announced Dec. 18 a merger agreement, valued at about…